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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.001%
Price spread now: Aevo against Aster0.000%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$340.340% of the position
Long on AsterShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 7 days+0.021%+$2 on $10k
Price spread, last 3 days (all we have)−0.039%−$4 · spread now 0.000%, 7d avg −0.018%
Together, before fees−0.018%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BTCUSDT86,431.9−0.0011get 0.0011% / 8h1h 31m$504.4M$1.15B200x
ShortAevo BTC-PERP86,432.20.0064get 0.0008% / 1h31m 39s$2.4M$1.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$15.75
Price spread: 0.000% → −0.018%
$1.78
Slippage, 4 orders
−$9.97
Fee Aster: 4 bp × 2 orders
−$8
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$16.43
Costs to cover
0.340%
Break-even
14.3 days
Slippage from Aster: live order book, 3 min ago; Aevo: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 3 min ago0.01 bp4.0 bp −$44.0 bp −$404.8 bp −$4807.2 bp −$3,609
Sell Aevo live order book, 3 min ago4.89 bp12.9 bp −$1312.9 bp −$129doesn't fitdoesn't fit

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin BTC-PERP−0.0534%1h86,457+0.029%$140K$618K40xas long as short
Phoenix BTC−0.0159%1h86,627+0.226%$2.2M$11.8M40xas long as short
Aftermath Perps BTCUSD−0.0101%1h86,569+0.159%$83K$216K20xas long as short
Hotstuff BTC-PERP−0.0080%1h86,440+0.009%$9K$3K50xas long as short
Aster BTCUSDTlong−0.0011%8h86,431.9long leg$504.4M$1.15B200x
01 Exchange BTCUSD−0.0008%1h86,456.2+0.028%$358K$2.4M50xas long as short
dYdX BTC-USD−0.0002%1h86,483.7+0.060%$17.1M$20.7M50xas long as short
KuCoin XBTUSDTM−0.0001%8h86,434.5+0.003%$851.2M$708.9M125xas long as short
Perpl BTC0.0000%43m86,500.3+0.079%$422K$23.8M6.7xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,487+0.064%$922.9M$1.48B50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,470.9+0.045%$36.8M—200xas long as short
RISEx BTC/USDC+0.0006%1h86,447.8+0.018%$8.5M$43.2M25xas long as short
Reya BTCRUSDPERP+0.0022%1h86,427.6−0.005%$6.7M$144.9M40xas long as short
Injective BTC/USDC PERP+0.0024%1h86,559+0.147%$315K$26.8M52xas long as short
Phemex BTCUSDT+0.0032%8h86,464.9+0.038%$149.6M$475.9M150xas long as short
BingX BTC-USDC+0.0034%8h86,420.3−0.013%—$15.3M—as long as short
Bitget BTCUSDT+0.0043%8h86,436.3+0.005%$2.94B$5.08B150xas long as short
Hibachi BTC/USDT-P+0.0048%1h86,530.4+0.114%$730K$8.2M30xas long as short
Binance BTCUSDT+0.0060%8h86,442.7+0.013%$9.41B$24.33B150xas long as short
MEXC BTC_USDT+0.0060%8h86,447.6+0.018%$5.15B$5.66B500xas long as short
Aevo BTC-PERPshort+0.0064%1h86,432.20.000%$2.4M$1.3M20x
Gate BTC_USDT+0.0074%8h86,444.1+0.014%$5.84B$10.67B200xas long as short
Bybit BTCUSDT+0.0089%8h86,439.6+0.009%$5.27B$9.71B150xas long as short
SoDEX BTC-USD+0.0090%1h86,447+0.017%$60.4M$337.2M40xas long as short
Lighter BTC+0.0096%1h86,450.1+0.021%$171.4M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h86,461.8+0.035%$24.0M$152.0M50xas long as short
Popdex BTCUSDT+0.0096%1h86,443+0.013%$8.5M$52.2M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,429−0.003%$200K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,486.1+0.063%$4.8M$8.4M50xas long as short
Nado BTC-PERP+0.0100%1h86,455.6+0.027%$21.9M$233.6M50xas long as short
Hyperliquid BTC+0.0100%1h86,523.1+0.106%$3.81B$5.09B40xas long as short
Pacifica BTC+0.0100%1h86,477.2+0.052%$41.0M$505.2M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,436.6+0.005%$2.54B$12.69B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,446+0.016%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,517.7+0.099%$7.4M$93.8M40xas long as short
Bulk BTC-USD+0.0100%1h86,703.1+0.314%$573.0M$18.8M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,432.20.000%$38.3M$153.6M75xas long as short
Variational Omni BTC+0.0100%8h86,541.3+0.127%$156.5M$566.0M—as long as short
edgeX BTCUSDC+0.0100%4h86,509.2+0.089%$279.5M$944.8M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,543.9+0.130%$217.3M$174.1M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,543.1+0.129%$141.5M$323.1M100xas long as short
StandX BTC-USD+0.0100%1h86,497.5+0.076%$30.7M$203.6M40xas long as short
Vest BTC-PERP+0.0100%1h86,498+0.076%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,435+0.004%$11.0M$13.7M50xas long as short
Bullet BTC-USD+0.0100%1h86,446.8+0.017%$192K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,457.1+0.029%$2.4M$8.6M100xas long as short
Derive BTC-PERP+0.0100%1h86,449.2+0.020%$30.0M$61.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,462.6+0.036%$3.4M$5.4M100xas long as short
HTX BTC-USDT+0.0100%8h86,442.7+0.012%$2.29B$965.2M200xas long as short
Extended BTC-USD+0.0104%1h86,416.7−0.018%$46.4M$225.4M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,483.1+0.059%—$98.2M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,502.9+0.082%$131.7M$5.70B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,498.6+0.077%$191.1M$937.7M100xas long as short
BloFin BTC-USDT+0.0180%8h86,473.2+0.048%$414.5M$651.6M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0183% / S −0.0216%1h86,463.2+0.036%$15.4M—200xas long as short
Kalshi KXBTCPERP+0.0195%8h86,478+0.053%$9.8M$729.6M6.4xas long as short